Tex. Ins. Code § 541.003 : INSURANCE CODE — PROTECTION OF CONSUMER INTERESTS — DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES — UNFAIR METHODS OF COMPETITION AND UNFAIR OR DECEPTIVE ACTS OR PRACTICES — GENERAL PROVISIONS — Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Prohibited TEXT PDF A person may not engage in this state in a trade practice that is defined in this chapter as or determined under this chapter to be an unfair method of competition or an unfair or deceptive act or practice in the business of insurance. Tex. Ins. Code § 541.003 Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.